Collect, integrate and harmonize data across multiple products – swaps, repos, securities lending, FX and more – and legal entities, using consistent identifiers to aggregate at the counterparty level.
Link disparate QFC data and produce required reports on-demand
The FDIC and US Treasury deadlines for QFC Recordkeeping compliance are rapidly approaching. It requires on-demand reporting of linked, specified end-of-day positions, legal agreement terms, collateral, margin, guarantees and counterparty details of QFCs (qualified financial contracts) in a prescriptive format.
Transcend delivers unmatched experience and innovative technology to help your firm be ready. Our comprehensive QFC Recordkeeping solution is ready to deploy now across your enterprise in time for your compliance deadline.
Key issues to meeting the QFC Recordkeeping requirements
Capturing and intelligently linking together all of the required data for QFC Recordkeeping compliance is a highly complex undertaking.
- How do you plan to capture all QFCs across all in-scope legal entities?
- Where do you start if you don’t even have a plan to capture in digital form all the agreements governing QFCs?
- How will you link and map digitized legal agreements to their related trades, positions and collateral?
- What about determining net exposure for each records entity (RE) and counterparty?
- How will you know if there are any exceptions lurking in all of this data?
Transcend’s end-to-end QFC Recordkeeping solution
Transcend delivers the only comprehensive enterprise-wide solution in the industry to address the numerous hurdles of the QFC Recordkeeping requirements: collecting, aggregating, digitally linking and processing multiple sets of data from disparate systems. The intuitive interface gives users deep insight into their collateral, clients and legal ecosystem.
Identify and immediately address any exceptions along the way to be sure that you are ready to submit error-free, complete, compliant QFC Recordkeeping reports to the regulators – with confidence – on behalf of your entire firm.
Explore related solutions
Transcend’s modular approach provides complementary solutions that work as standalone components or in tandem with one another.
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